The government is reportedly considering a significant relief measure for the telecom industry by waiving adjusted gross revenue (AGR) dues amounting to ₹1 lakh crore. This move, if implemented, would provide substantial financial relief to major telecom operators, easing their operational and
In a landmark decision to enhance telecom security and prevent misuse of mobile connections, the Prime Minister’s Office (PMO) has directed telecom operators to make Aadhaar-based verification mandatory for issuing new SIM cards. This directive comes as part of the government’s efforts to strengthen digital identity protocols and curb fraudulent activities in the telecom
Reliance Jio, the telecom arm of Mukesh Ambani-led Reliance Industries, is reportedly gearing up for a ₹40,000 crore Initial Public Offering (IPO). If finalized, the offering would be one of the largest IPOs in Indian history, solidifying Jio’s position as a dominant player in the telecom and digital services sector. Ambani’s Strategic Vision for Jio […]
Viacom18, a key player in India’s media and entertainment landscape, has officially transitioned into a subsidiary of Reliance Industries Limited (RIL). This development further strengthens RIL’s position in the media sector, aligning with its strategy to dominate digital and content-driven platforms. The Strategic Restructure Reliance Industries announced the
The Bharat Sanchar Nigam Limited (BSNL), a state-owned telecommunications company, is set to roll out a new Voluntary Retirement Scheme (VRS 2.0) as part of its strategic plan to reduce workforce size by 35%. This initiative comes in the wake of the government’s broader efforts to revitalize the company and ensure its operational efficiency. Details […]
Reliance Industries’ subsidiary, Reliance Digital, has made a strategic investment to acquire a 45% stake in Health Alliance Group, a prominent player in the healthcare services industry. The deal, valued at $10 million, marks Reliance Digital’s entry into the rapidly growing healthcare sector, aligning with its broader diversification strategy. Details of the
Union Minister for Communications and IT, Jyotiraditya Scindia, announced a significant policy shift in satellite spectrum allocation. The government has decided to abandon the first-come-first-serve model and instead opt for an auction-based system to ensure transparency and fairness in the process. Transition to Auction Model Speaking at an industry event, Scindia
Reliance Industries Ltd. (RIL), India’s leading conglomerate, is in talks to secure up to $3 billion in financing, marking the largest corporate loan sought in the country since 2023. This move underscores the company’s aggressive expansion strategy across various sectors, including energy, telecommunications, and retail. Purpose of the Loan The proposed loan aims to
The Indian government has clarified that its decision to administratively allocate satellite spectrum is not designed to facilitate the entry of Elon Musk’s Starlink into the Indian market. This policy aligns with the Telecommunications Act, 2023, which permits spectrum assignment through administrative processes for satellite-based services. Telecommunications Act,
In a significant boost to the telecom sector, the Union Cabinet has approved a ₹30,000 crore reduction in bank guarantee requirements for telecom operators. The move aims to alleviate financial pressures and encourage growth in the sector. Relief for Struggling Telecom Operators The decision comes as part of the government’s continued efforts to support the […]